32:1-35.36d - Marine terminal;Ā obligations issued to provide funding
32:1-35.36d.Ā Marine terminal;Ā obligations issued to provide funding
The obligations issued by the Port Authority to provide funds for any marineĀ terminal purpose are hereby made securities in which all state and municipalĀ officers and bodies of both states, all trust companies and banks other thanĀ savings banks, all building and loan associations, savings and loanĀ associations, investment companies and other persons carrying on a commercialĀ banking business, all insurance companies, insurance associations and otherĀ persons carrying on an insurance business, and all administrators, executors,Ā guardians, trustees and other fiduciaries, and all other persons and legalĀ entities whatsoever (other than savings banks), who are now or may hereafter beĀ authorized by either state to invest in bonds of such state, may properly andĀ legally invest any funds, including capital, belonging to them or within theirĀ control, and those obligations are hereby made securities which may properlyĀ and legally be deposited with and shall be received by any state or municipalĀ officer or agency of either state for any purpose for which the deposit ofĀ bonds of that state is now or may hereafter be authorized.Ā The obligationsĀ issued by the Port Authority to provide funds for any marine terminal purposeĀ as security for which the general reserve fund of the Port Authority authorizedĀ by R.S. 32:1-141 et seq. shall have been pledged in whole or in part are hereby made securities in which all savings banks also may properly and legally investĀ any funds, including capital, belonging to them or within their control.
L.1983, c. 9, s. 3.
Ā
The obligations issued by the Port Authority to provide funds for any marineĀ terminal purpose are hereby made securities in which all state and municipalĀ officers and bodies of both states, all trust companies and banks other thanĀ savings banks, all building and loan associations, savings and loanĀ associations, investment companies and other persons carrying on a commercialĀ banking business, all insurance companies, insurance associations and otherĀ persons carrying on an insurance business, and all administrators, executors,Ā guardians, trustees and other fiduciaries, and all other persons and legalĀ entities whatsoever (other than savings banks), who are now or may hereafter beĀ authorized by either state to invest in bonds of such state, may properly andĀ legally invest any funds, including capital, belonging to them or within theirĀ control, and those obligations are hereby made securities which may properlyĀ and legally be deposited with and shall be received by any state or municipalĀ officer or agency of either state for any purpose for which the deposit ofĀ bonds of that state is now or may hereafter be authorized.Ā The obligationsĀ issued by the Port Authority to provide funds for any marine terminal purposeĀ as security for which the general reserve fund of the Port Authority authorizedĀ by R.S. 32:1-141 et seq. shall have been pledged in whole or in part are hereby made securities in which all savings banks also may properly and legally investĀ any funds, including capital, belonging to them or within their control.
L.1983, c. 9, s. 3.
Ā